Cobra Resources PLC Exercise of Warrants (6741G)
26 Noviembre 2020 - 9:21AM
UK Regulatory
TIDMCOBR
RNS Number : 6741G
Cobra Resources PLC
26 November 2020
26 November 2020
Cobra Resources plc
("Cobra" or the "Company")
Exercise of Warrants
Cobra, the mining exploration company focused on the Wudinna
Gold Project in South Australia, announces that it has received
notice of exercise of 2,141,666 warrants to acquire 2,141,666
shares at a price of 2p per share (the "New Shares").
An application had been made to the FCA and the London Stock
Exchange for up to 7,500,000 New Shares of 1p each to trade on the
London Stock Exchange and to be admitted to the Official List in
respect of the exercise of up to 7,500,000 warrants with an
exercise price of 2p.
When issued, the New Shares will be credited as fully paid and
will rank pari passu in all respects with the existing ordinary
shares in the share capital of the Company, including the right to
receive all dividends and other distributions declared, made or
paid on or in respect of such shares after the date of issue of the
New Shares.
Admission of the 2,141,666 Ordinary Shares is expected to take
place at 8.00 am on 27 November 2020.
Total Voting Rights
In conformity with DTR 5.6.1, the Company notifies that, as at
the date of this announcement, it has a single class of shares in
issue being ordinary shares and that, following the issue of the
2,141,666 New Shares described above, the total number of ordinary
shares in issue will be 283,267,283 . There are no Ordinary Shares
held in treasury. Each Ordinary Share entitles the holder to a
single vote at general meetings of the Company.
The figure of 283,267,283 Ordinary Shares may be used by
shareholders (and others with notification obligations) as the
denominator for the calculations by which they will determine
whether they are required to notify their interest in, or a change
to their interest in, the Company under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
End
Enquiries:
Cobra Resources plc
Craig Moulton (Australia)
Dan Maling (UK) +44 (0)20 7390 0234
SI Capital Limited (Joint Broker)
Nick Emerson
Sam Lomanto +44 (0)1483 413 500
Peterhouse Capital Limited (Joint Broker)
Duncan Vasey
Lucy Williams +44 (0)20 7469 0932
Vigo Communications (Financial Public Relations)
Ben Simons
Simon Woods +44 (0)20 7390 0234
About Cobra
Cobra's Wudinna Gold Project is located in the Gawler Craton
which is home to some of the largest IOCG discoveries in Australia
including Olympic Dam, as well as Prominent Hill and Carrapateena.
Cobra's Wudinna tenements contain extensive orogenic gold
mineralisation and are characterised by potentially open-pitable,
high-grade gold intersections, with ready access to nearby
infrastructure. In total Cobra has over 22 orogenic gold prospects,
with grades of between 16g/t up to 37.4g/t outside of the current
211,000 ounce JORC resource, as well as 1 copper-gold prospect, and
4 IOCG targets.
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END
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(END) Dow Jones Newswires
November 26, 2020 10:21 ET (15:21 GMT)
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